Stocks

Bloomberg A degree of risk appetite returned to global markets on Tuesday, with developing-nation stocks and currencies rebounding and Italian bonds climbing. The dollar fell as Treasury yields climbed, and the pound advanced. US equity futures pointed to a higher open and the Stoxx Europe 600 Index nudged upward after the MSCI Asia Pacific gauge eked out a gain in ...

Bloomberg While locals in Malaysia cheer the ouster of the Barisan Nasional coalition for the first time since independence, foreign stock investors are voting with their feet. Foreign inflows into the local stock market of $937.8 million were wiped out as concern remains on how the new coalition party under 92-year-old PM Mahathir Mohamad will continue economic growth. As of May ...

Bloomberg US stocks surged and the dollar strengthened against most major peers and as the Trump Administration sought to deescalate a trade rift with China. Treasury yields climbed as havens such as the yen and gold tumbled. All major equity gauges were higher led by strength in technology companies. The greenback rose after Treasury Secretary Steven Mnuchin said that the ...

Bloomberg The gains in Malaysian equities since Mahathir Mohamed’s shock election win haven’t stopped an exodus of foreign money from gathering pace — with this year’s almost $1 billion of overseas inflows into the market at risk of being wiped out. The nation’s stock market had a volatile start following a three-day holiday for the election, before the benchmark inched ...

Bloomberg The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the biggest weekly price decline since December. Money managers headed for the exits ...

Bloomberg Chinese-backed Asia Pacific Exchange Pte (Apex) said it will start trading in Singapore from May 25, the latest foray into overseas trading venues by mainland investors. Apex will offer palm olein futures that will be dollar-denominated and physically delivered, it said in a statement. The bourse will be the third derivatives exchange in the city-state, joining venues owned by ...

Bloomberg US stocks advanced as consumer shares got a boost from Macy’s Inc.’s results and Treasuries rebounded from Tuesday’s selloff. The euro fell amid political uncertainty in Italy. The S&P 500 Index pushed above its average price for the past 100 days, with Macy’s results providing more insight into the strength of the American consumer. The 10-year note yield slipped ...

Bloomberg Oil traded near $71 a barrel as rising stockpiles and signs of slower demand growth countered concerns Iranian supplies will soon be curbed by sanctions. Futures dropped as much as 0.7 percent in New York. The International Energy Agency trimmed estimates for demand growth, and boosted those for supply, as prices have jumped to three-year highs. US industry data ...

Bloomberg The 10-year Treasury yield topped 3.05 percent for the first time in four years, stocks slumped from two-month highs and the dollar rallied as speculation grew that signs of a firm American economy won’t derail the Federal Reserve from its rate path. The S&P 500 Index halted a four-day rally, ending a risk-on mood that had propelled equities to ...

Bloomberg Coinbase Inc. became the best-known cryptocurrency exchange in the US by bringing Bitcoin to the masses. Now it’s looking to crack Wall Street. The San Francisco-based company is developing several tools to lure institutional investors onto its platform. They include custodial services where investors can store large amounts of digital currencies, as well as enhanced trading capabilities, such as ...